If you’ve started to wonder what the real costs of socialism are going to be - once the full program in these United States hits your wallet, take a look at the table. As you digest these mind-boggling figures, keep in mind that in spite of these astronomical tax rates, these countries are still not financing their social welfare programs exclusively from tax revenues! They are deeply mired in public debt of gargantuan proportions. Greece has reached the point where its debt is so huge it is in imminent danger of defaulting. That is the reason the European economic community has intervened to bail them out. If you’re following the financial news, you know Spain and Portugal are right behind Greece.

The United States is now heading right down the same path. The VAT tax in the table is the national sales tax that Europeans pay. Stay tuned because that is exactly what you can expect to see the administration proposing after the fall elections. The initial percentage in the United States isn’t going to be anywhere near the outrageous numbers you now see in Europe. Guess what… the current outrageous numbers in Europe didn’t start out as outrageous either. They started out as minuscule - right around the 1% or 2% where they will start out in the United States. Magically, however, they ran up over the years to where they are now. Expect the same thing here.

It is the very notion that with hard work and perseverance, anybody can get ahead economically here in the USA. Do you think that can ever happen with tax rates between 60% and 80%? Think again. With the government taking that percentage of your money, your life will be exactly like life in Europe... You will never be able to buy a home. You will never buy a car. You will never send your children to college. Let’s not shuffle the battle cry of the socialists under the rug either. It’s always the same cry. Equalize income. Spread the wealth to the poor (whoever they are). Level the economic playing field. Accomplish that and everything will be rosy.
It’s time to take a really hard look at reality. Greece is a perfect example. Despite the socialism system that has ruled this country for decades, with a 65% tax rate, they are drowning in public debt, would have defaulted without hundreds of billions in bailout money from the EU, and still. . . 20% of their population lives in poverty. What has all that socialism money bought, besides ultimate power for the politicians running the show? Do you think these people are "free"? They're not. They are slaves to their economic "system."
Instead of spreading the wealth around, spread this info around. It might wake up some people.

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comments:

Anonymous
said...

No mention here of the global economic collapse and its role in bankrupting Europe. The collapse created by the greed and arrogance of the free market. The collapse which was softened only by governments bailing out those who started it.

It is the very notion that with hard work and perseverance, anybody can get ahead economically here in the USA

A bullshit notion perpetuated to fool the lower classes into embracing getting screwed over by the top 1%.

With the government taking that percentage of your money, your life will be exactly like life in Europe... You will never be able to buy a home. You will never buy a car. You will never send your children to college.

They don't have cars and homes and colleges in Europe?

All of these countries listed have a high standard of living, higher in many categories than the US. I noticed they didn't mention Germany, which has higher tax rates but also weathered the economic storm as well as anyone, precisely because of their government programs and investment in their people and infrastructure.

These taxes are all lower than the marginal rate in the US for most of the 20th century. We built the largest, strongest middle class in the history of the world and put a man on the moon with taxes higher than these.

Glancing at the interwebs, I see that 50% is the top marginal tax rate in the U.K. (applying only to income over 150,000 pounds). Which I would suspect is the case with the other stated income tax rates here as well (especially since none of these countries has a flat income tax).

Also, combining VAT plus income tax to get a "total tax rate" only makes sense if the VAT applies equally to all goods and services (it doesn't - food being a notable exception) and you spend every last bit of income you earn during the year.

Except that taxes are lower under Obama...but the Bush-low-taxes cure-all has had 10 years to prove itself. It Failed! Low taxes have not brought jobs, they have not brought prosperity. They have put lots of extra cash in the hands of the wealthy who did not use it to benefit society, but to greedily gamble the money into a financial nuclear weapon. We have a long fight ahead to get those tax rates back to Clinton era rates. But the truth is we need to get back to the pre-Reagan rates or the middle class will continue to shrink. And none of this has anything to do with socialism or capitalism. It has to do with smart or stupid.

Take notes, kids: this is how they rook gullible rubes into drinking Kool Aid and saying: let's have the US middle class be stamped into oblivion so that the upper 1% can continue to enrich themselves at our expense.

And let's just reflexively say that socialism is horrible even though we're f*cking clueless about what that means. But somehow let's all feel self-righteous-y for dissing Europe and socialism, even though we really know nothing about what it's like to live in Europe, nor do we have a clue whether their societies are better or worse than ours. RAH RAH TEAM USA USA USA...

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